Groupon Files For $750 Million IPO

Today, the online deals site Groupon filed for an initial public offering. They plan to raise $750 million with their offering, though that number is subject to change. They will use the money to survive fierce competition from Facebook, Yelp, Google and Amazon. Groupon has introduced several new services this year. It will be interesting to see what they introduce with the $750 million they plan on raising.